Mad Money: Key points from October 13, 2020 (Tuesday) episode

Summary of CNBC program “Mad Money w/ Jim Cramer” which was on air on Tuesday, October 13, 2020. Links to CNBC sites which contain video clips and transcripts are also listed.

Fintech wins when bank stocks go down, Jim Cramer says (https://www.cnbc.com/2020/10/13/fintech-wins-when-bank-stocks-go-down-jim-cramer-says.html)

• “Whenever the bank stocks go down, we immediately get a massive amount of option-call buying in PayPal and Square,” CNBC’s Jim Cramer said.
• “I don’t know how these buyers get out of their positions, but their willingness to pay up for PayPal and Square is shocking,” the “Mad Money” host said.
• “Professionals hate moving stocks up with their own buying,” he said.

Ticker: AAPL, AMZN, JPM, GS, C, PYPL, SQ, JNJ, LLY, PTON, DOCU, ROKU, ZM

Off-the-Chart: Jim Cramer recommends investors be ready to do some buying before Election Day (https://www.cnbc.com/2020/10/13/jim-cramer-be-ready-to-do-some-buying-before-election-day.html)

• “The charts, as interpreted by the legendary Tom DeMark, suggest the Dow — and the rest of the market — could have one last move higher going into the end of the week, followed by a potentially ugly sell-off,” CNBC’s Jim Cramer said.
• “That same method that tells DeMark we’re cruising for a bruising also tells him that it might only last two or three weeks, with a possible bottom close to Election Day,” the “Mad Money” host said.
• “You’re going to have to pull the trigger and do some buying,” he said.

Cramer to investors: It’s still too early to be speculating in the cruise line stocks (https://www.cnbc.com/2020/10/13/jim-cramer-its-too-early-to-be-speculating-in-the-cruise-stocks-.html)

• “If you really want cruise exposure, I say be patient, because days like today make me think you’ll get better buying opportunities,” CNBC’s Jim Cramer said Tuesday.
• All three major cruise lines saw their stocks fall sharply during the session after Royal Caribbean announced plans to raise new capital.
• “Call me crazy, but I’m reluctant to recommend anything that’s legally barred from doing its business,” the “Mad Money” host added.

Ticker: RCC, CCL, NCHL

Cramer’s lightning round: ‘I still like Inseego’ (https://www.cnbc.com/2020/10/13/cramers-lightning-round-i-still-like-inseego.html)

• Quidel: “I like Quidel. I happen to like diagnostics. I will see you Quidel and I will raise you Danaher, which I like even more. Don’t forget Thermo Fisher.
• Inseego: “I still like Inseego.”
• Nano-X Imaging: “I have absolutely got to do more work. This is one of those stocks that I do not know and I cannot pretend that I do.”
• Pure Storage: “If I want storage, I am going to end up going to Nvidia.”
• Vertiv: “We like Vertiv here.”
• Owens & Minor: “We liked Owens & Minor … at $7. … At $25 we still believe.”

Ticker: QDEL, DHR, TMO, INSG, NNOX, PSTG, NVDA, VRTV, OMI

Other Topic (no video clip): “Cramer’s exclusive with the CEO of Celsius Holdings, John Fieldly.” – CELH

Other Stocks discussed (calls with audiences): Nordstrom (JWN), Big Lots (BIG), Olin Corporation (OLN), GlaxoSmithKline plc (GSK), AbbVie  (ABBV)

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